Keen On

One of the most bracing presentations at DLD this year was given by Crunchbase's data queen Gene Teare. Breaking down America's VC dominance, Teare's speech might have been entitled "64% and Counting." As Teare told Keith and me in a special Teare family edition of our regular That Was The Week show, the VC gap between Europe and America is only getting wider. From 2014 to 2023, US share of global venture dipped below 50%. But in 2025, it roared back — with nearly two-thirds of all global VC flowing to America. The foundation model funding disparity tells the story: OpenAI raised $40 billion last year, Anthropic $17.5 billion. The top French AI company? $2 billion. Oh mon Dieu.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Not everything at DLD this year was on the growing US-European economic and technological divide. There were many speeches on the environment including from heavyweights like Kate Raworth. And I had the opportunity to catch up with my favorite advocate of regenerative agriculture, the managing partner at Acton Capital, Jan-Gisbert Schultze. According to Schultze, today's deepest problem is our spiritual disconnection from nature. We've lost 50% of our soil carbon, he notes, and with it the fertility that sustains us. We can save ourselves, he says, from the soil up — by embracing regenerative agricultural practices that prioritize local community activation and sustainable farming. Schultze is putting this into practice at Lake Constance, Germany's largest lake, where his Regenerate Forum is working to transform an entire county into what he calls a "climate landscape" — retraining farmers, rebuilding soil, and relocalizing the food system.Keen On America is a reader-supported publication. To receive new post

Few speakers at DLD this year were more sombre than The Economist's deputy executive editor Kenneth Cukier. “Civilizations aren’t killed,” Cukier says, “they commit suicide.” It's now "three minutes to midnight" in Europe, he warns, and what he called the priceless "vase" of the liberal order is about to shatter. Borrowing from Hemingway's description of personal bankruptcy, Cukier argues that civilizational suicide comes "slowly, then suddenly". So can anything avert this collapse? Cukier isn't particularly optimistic, but nor is he hopeless. The vase hasn't shattered yet. The hope, he suggests, is with new peaceful technologies that can help reinvent democracy. But if the European clock really is teetering at three minutes to midnight, it's hard to be persuaded by Kenneth Cukier’s abstract promises of ethical technology.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss t

Few people experienced the Dot-Com bubble with more vertiginous intensity than Bill Gross, the Pasadena-based founder of Idealab and many many other internet startups over the last 30 years. So when I sat down with Gross at DLD, I couldn’t resist opening with the boom/bubble gambit. How, I asked him, does today’s AI hysteria compare with the Web 1.0 madness of the Nineties? While Gross - whose current ProRata.ai play is focused on protecting creativity in the age of generative AI - doesn’t believe that today’s boom is akin to the Dot-Com bubble, there are similarities. We are at what Gross calls a “Napster moment” in terms of making the big LLMs accountable for all the content they are illegally crawling (ie: stealing). And to get beyond this moment, he says, everyone from Google and OpenAI to Perplexity and Anthropic, needs to move to a “Spotify model” that fairly shares revenue with the human creators of knowledge. Keen On America is a reader-supported publication. To receive new posts and support my work,

Yesterday’s show from the DLD conference was about the need for Europe to relearn the language of power. Today, things get even more dire for our European friends. I asked another DLD speaker, Carl Benedikt Frey, a Swedish economic historian who teaches at Oxford, whether it’s “game over” for Europe in terms of its ability to compete with American and Chinese big tech. His answer: not yet—but close. Frey’s last book, shortlisted for the 2025 Financial Times business book of the year, is entitled How Progress Ends: Technology, Innovation and the Fate of Nations. But it’s specifically Europe’s economic progress and the fate of European nations that most concerns Frey. Unless Europeans create a true single market for services, he warns, it really could be the end of the European dream of continent-wide progress. So no more crossroads for a continent perennially at a crossroads. And that single market, Frey explains, is ultimately a matter of political rather than economic will.Keen On America is a reader-support

I'm just back from another stimulating Digital Life Design (DLD) conference in Munich where all the talk was about the growing technological and political gap with the United States and China. From Machiavelli and Hobbes to Napoleon and Bismarck, Europe invented the modern concept of state power. But decades of outsourcing security to NATO and the US have left the continent dangerously rusty both in the language and execution of power. According to Marta Mucznik, a senior analyst at the Brussels-based left-leaning International Crisis Group, "projecting power is the language of today's world." And unless European politicians relearn it, Mucznik warns, that growing gap between Europe and the bipolar reality of a US-China centric world will only continue to dramatically widen.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus

For a country forever flirting with amnesia about its racial history, America sure struggles to forget. Take, for example, Bernie Goetz, the white subway vigilante, who shot four black teenagers on a NYC subway in December 1984. There’s not just one - but two major new books about the anything but colorblind Goetz case which we’ll be discussing over the next couple of weeks. The first is by the CNN legal analyst Elliot Williams who presents it as a Rashomon style narrative in which there is no single undisputed truth. There might not be quite five truths in Williams’ Five Bullets, but interpreting this story all depends on your political and racial perspective. “If a black man had shot four white teens,” Williams reimagines, “this would be a totally different story.”Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episode

In his new co-authored book It’s On You, the English behavioral scientist Nick Chater exposes how the rich and powerful - the THEM - have convinced us that we're to blame for society's deepest problems. Can't lose weight? That's because YOU lack willpower—or so THEY would have you believe. But willpower, Chater argues, is a convenient myth. And that means the behavioral economists got it wrong too. Nudge theory doesn't work because human beings are far messier than the utilitarians assume. The answer isn't self-discipline. It's systemic change—and that requires politics, not self-help or even self-discipline. It’s transferring power back from THEM to YOU. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

According to the New Yorker writer Nicholas Niarchos, Africa is rich in both raw materials and tragic paradox. We know about the continent's wealth in the rare earth minerals that enable our global transition from fossil fuels to clean energy. But it's contemporary African paradoxes that Niarchos describes in his important new book, The Elements of Power. There's the paradox of clean energy's dirty secret — the horrifying cost in African suffering of our insatiable thirst for the minerals that power our electric vehicles and solar panels. Then there's the paradox of the new scramble for Africa between what he calls the "amoral" Chinese and the "immoral" Americans. And finally there's Niarchos' own personal paradox (which he doesn’t disguise) of being the scion of two of the wealthiest and most powerful families in Europe while writing a book about some of the poorest and most exploited people on the planet.Keen On America is a reader-supported publication. To receive new posts and support my work, consider be

We all have our own favorite Robert Redford movie. But what's Redford’s most prescient film about today’s America? His Seventies trilogy about American politics — The Candidate, Three Days of the Condor and All the President's Men — are all, in their own profound ways, lasting meditations on the United States. But of the three, it might be Sydney Pollack's Three Days of the Condor (1975) which has the eeriest relevance to contemporary America. For James Grady, whose equally classic 1974 thriller Six Days of the Condor inspired the movie, Three Days of the Condor speaks to both the all-encompassing paranoia and isolation of our age. It's the anti-James Bond film for our anti-James Bond age. "For a movie that was made fifty years ago to unearth the emotions we felt then, and the emotions we're feeling now — that's extraordinary," James Grady says. Yes. After a half century, the Condor has landed. Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a fr

Can Swiftynomics save America? That’s the intriguing thesis at the heart of Misty Heggeness’ new book about Swift’s impact on the American economy. Entitled Swiftynomics, it’s as much about Taylor Swift’s fans as it is about the megastar herself. “Taylor Swift is not moving mountains in local communities,” Heggeness acknowledges. “Her fans are. They are willing to fork out thousands of dollars, travel to another city, stay in hotels, get their hair done - that’s the real economic engine.” So Swiftynomics is really about what Taylor Swift unleashes, not who she is. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

The Music Man was a 1957 Broadway show written by Meredith Willson, a musician from the small Iowa town of Mason City. The popular play (and later movie) featured a con man called Harold Hill who ripped off the naive people of River City, a fictional small town based on Mason City. Nearly seventy years later, Josiah Hesse, another Iowan from Mason City, sees the Music Man narrative replaying itself. As Hesse notes in his autobiographical new book, On Fire For God, today's Harold Hills are the megachurch salesmen who descend on small American towns to rip off the local community with their religious claptrap. "They know how to prey on people's fears," Hesse argues about these evangelical preachers, "how to locate the thing that's changing, that's new, and offer something that hearkens back to another era, a pure era of American wholesomeness." As another observant American midwesterner, Mark Twain, once quipped: "History doesn't repeat itself, but it rhymes."Keen On America is a reader-supported publication. T

Few biographers can claim to know what it feels like to be Thomas Jefferson more than the Charlottesville-based historian Andrew Burstein. The author of many books about Jefferson, Burstein’s latest, Being Thomas Jefferson, offers an “intimate history” of the great man. From Jefferson’s views on love and race to his take on mortality, Andrew Burstein gets inside America’s most controversial and misunderstood Founding Father. And what he finds at the end of his voyage inside Jefferson is an intellectual Don Juan. “Jefferson’s language is his legacy,” Burstein concludes. “He wrote with a musical cadence, poetically, at a time when most political writers did not understand what he did about seducing the reader”.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

There was a time in the mid 20th century, the literary historian Gayle Feldman reminds us, when the book business was cool. Back then, New York publishing resembled Silicon Valley tech and the Mark Zuckerberg of his day was the Random House founder Bennett Cerf. In her new biography of Cerf, Nothing Random, Feldman tells the story of this celebrity entrepreneur, noting that he helped pioneer the publishing industry’s venture capitalist style business model which enabled hit authors like Ayn Rand or Dr Seuss to finance start-up writers like Cormac McCarthy. Those were the days, a slightly wistful Feldman reminisces. She’s right. If only today’s corporate publishing industry could recapture some of that Cerfian magic. Then books might become cool again. Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon

Trump’s Gazan dream is to overlay the complex human history with his own narcissistic real-estate fantasy. But for Maia Carter Hallward, co-author of a new contemporary history of Gaza, this once vibrant Mediterranean entrepôt linking Africa, Asia and Europe is now defined more by nightmare than dreams. “In peace studies, we talk about positive peace, which has rights, liberties, the ability to reach human potential - and we talk about negative peace, which is the absence of war,” Carter Hallward says. “I would say we have none of those in Gaza right now.” No negative peace, no absence of war. For Carter Hallward, that - alongside the more than 70,000 dead Palestinians - captures today’s Gazan tragedy. Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

What if the right isn’t wrong - or, at least, totally wrong, about education? That seems to be the conclusion of James Traub, a liberal educationalist, who has spent the last year visiting the civics programs of American high schools. Neither the 1619 Project nor Trump’s 1776 Report seems to be the message of Traub’s account of these travels, The Cradle of Citizenship. Schools can help save our democracy, Traub concludes, by equipping American students to think their way through the complexities of their nation’s history. The point of a good education, he concludes, is to foster thinking rather than moral outrage or virtue seeking. More Homer in the classroom, and less social media. Those are James Traub’s old school principles for our new century. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Timing is everything. The versatile American journalist Kenneth Rosen was last on the show in early 2021 talking about troubled teens. Since then, Rosen has travelled extensively in the Arctic and has just published Polar War, a narrative about the chilling costs to both America and the world of the new Cold War in the Arctic. Timing is, indeed, everything, especially in the book business. But Rosen’s travelogue of melting icecaps and vanishing indigenous cultures offers an alternative take on the media’s current geo-strategic obsession with Greenland. "I worry most about the indigenous communities and their ways of life. This is the sustenance lifestyle that will be eradicated—something that we'll lose as a country and as humanity,” Rosen warns. “It's only a matter of time before the snow and ice melts forever." And when it’s gone, it’s gone. Then timing will be nothing. Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. T

Will Trump be removed by the 25th Amendment? No, it’s never going to happen - not after Jan 6 or Venezuela or Greenland or any other mad foreign or domestic adventure. That, at least, seems the conclusion of Rebecca Lubot, author of Keeping a Finger on the Button, a timely new analysis of the 25th Amendment. But the real question isn't about the nuclear button—it's about who controls the White House. And the way to do that is through new Congressional or judicial initiatives. The 25th Amendment was passed in what now feels like the halcyon 1960s. Trump has created an entirely new political reality in America. Congress needs to respond accordingly with a new Constitutional Amendment for our 21st century Imperial Presidential age. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

The great John Maynard Keynes explained it a century ago. In his 1930 essay, "Economic Possibilities for our Grandchildren," Keynes predicted that the future would be defined by economic abundance rather than scarcity. But such a cornucopian future, Keynes warned, would create societies teetering perpetually on the brink of a nervous breakdown. Keynes' vision has been updated by Niskanen Center SVP Brink Lindsey in his new book, The Permanent Problem. Today's societies, the Thailand-based Lindsey observes, are all on the verge of nervous breakdowns triggered by economic prosperity rather than poverty. So the challenge today, he notes with his own Keynesian flourish, is transforming this mass plenty into mass human flourishing. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Back in 2018, the New York Times reporters Katie Benner and Erica L. Green exposed the disturbing reality of the T.M. Landry college prep school in rural Louisiana. Celebrated as a “miracle” institution that successfully sent underprivileged black students to elite colleges, Benner and Green uncovered a miserable school that doctored college applications and bullied its students. Seven years later, Benner and Green have written Miracle Children, a book as much about race, education and false promises in contemporary America as it is about T.M. Landry itself. While Benner and Green’s narrative won’t please everyone, it should be required reading for those on both the left and right who peddle magical educational solutions to historically complex social problems.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, vis